TCFC Finance Ltd

₹ 34.0 0.00%
12 Aug - close price
About

TCFC Finance Limited is registered as a Non-Banking Finance Company. It was incorporated in 1990 as an Investment Company and is engaged in the business of investments in equity, debt, mutual funds, real estate, etc. It is also engaged in proprietary trading of securities in equity, both in cash and future segments and actively participates in Initial Public Offers of Companies. It also invests in mutual funds of all types so as to have a balance of its portfolio which would garner it high returns with adequate safety. [1]

Key Points

FY21 revenue segments[1]
The large jump in revenue from operations was due to net gain on fair value changes of 10.46 cr. Out of this, 22.16 lacs was realized gains with the remainder amount being unrealized.[2]
Interest Income: 1.05 cr. vs 1.02 cr. in FY20
Dividend Income: 13.29 lacs vs 21.3 lacs in FY20

  • Market Cap 35.6 Cr.
  • Current Price 34.0
  • High / Low 49.3 / 28.6
  • Stock P/E 9.43
  • Book Value 93.5
  • Dividend Yield 3.53 %
  • ROCE 8.22 %
  • ROE 6.46 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.36 times its book value
  • Stock is providing a good dividend yield of 3.53%.

Cons

  • The company has delivered a poor sales growth of -39.0% over past five years.
  • Company has a low return on equity of 5.87% for last 3 years.
  • Earnings include an other income of Rs.1.57 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1.41 0.94 1.94 0.31 3.15 2.22 4.49 1.78 1.39 4.41 0.41 1.13 -2.58
0.24 0.34 0.27 4.29 0.22 0.24 0.25 0.35 0.27 0.25 0.28 0.41 0.26
Operating Profit 1.17 0.60 1.67 -3.98 2.93 1.98 4.24 1.43 1.12 4.16 0.13 0.72 -2.84
OPM % 82.98% 63.83% 86.08% -1,283.87% 93.02% 89.19% 94.43% 80.34% 80.58% 94.33% 31.71% 63.72%
0.00 0.00 0.10 0.06 0.05 0.08 0.06 0.30 0.46 0.45 0.29 0.58 0.25
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00
Profit before tax 1.16 0.59 1.76 -3.93 2.97 2.05 4.29 1.72 1.57 4.60 0.41 1.29 -2.59
Tax % 31.03% 10.17% 2.27% 24.68% 9.09% 25.37% 26.81% -25.00% 29.94% 21.30% 14.63% 14.73% 50.19%
Net Profit 0.80 0.53 1.72 -2.96 2.70 1.54 3.15 2.16 1.11 3.62 0.35 1.10 -1.29
EPS in Rs 0.76 0.51 1.64 -2.82 2.58 1.47 3.01 2.06 1.06 3.45 0.33 1.05 -1.23

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
223.60 280.38 220.67 190.92 118.52 196.51 86.70 69.54 5.98 1.23 11.65 7.31 3.37
213.64 278.77 221.04 184.63 111.86 192.39 82.00 64.53 1.15 1.78 1.07 1.22 1.20
Operating Profit 9.96 1.61 -0.37 6.29 6.66 4.12 4.70 5.01 4.83 -0.55 10.58 6.09 2.17
OPM % 4.45% 0.57% -0.17% 3.29% 5.62% 2.10% 5.42% 7.20% 80.77% -44.72% 90.82% 83.31% 64.39%
2.00 0.00 0.01 -0.02 0.00 0.00 -11.00 0.00 0.26 0.16 0.49 1.81 1.57
Interest 0.00 0.00 0.00 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.04 0.03 0.04 0.03 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Profit before tax 11.92 1.57 -0.39 6.20 6.62 4.08 -6.33 4.98 5.06 -0.42 11.04 7.87 3.71
Tax % 16.02% 33.76% 0.00% 18.06% 17.37% 15.93% -12.01% 22.09% 23.91% 121.43% 13.59% 21.60%
Net Profit 10.01 1.05 -0.40 5.08 5.47 3.43 -7.09 3.88 3.84 0.09 9.54 6.18 3.78
EPS in Rs 9.55 1.00 -0.38 4.85 5.22 3.27 -6.76 3.70 3.66 0.09 9.10 5.90 3.60
Dividend Payout % 15.70% 0.00% 0.00% 30.94% 28.74% 45.83% 0.00% 40.52% 40.94% 0.00% 16.48% 20.35%
Compounded Sales Growth
10 Years: -31%
5 Years: -39%
3 Years: 7%
TTM: -66%
Compounded Profit Growth
10 Years: 19%
5 Years: 20%
3 Years: 17%
TTM: -53%
Stock Price CAGR
10 Years: 7%
5 Years: 0%
3 Years: 17%
1 Year: -22%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 6%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10.48 10.48 10.48 10.48 10.48 10.48 10.48 10.48 10.48 10.48 10.48 10.48
Reserves 65.85 66.90 66.49 69.74 73.29 74.83 67.73 69.72 75.20 73.38 82.93 87.56
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.27 0.40 0.37 2.16 2.29 2.32 0.51 2.34 2.03 1.56 3.09 4.69
Total Liabilities 78.60 77.78 77.34 82.38 86.06 87.63 78.72 82.54 87.71 85.42 96.50 102.73
0.30 0.27 0.24 0.18 0.30 0.26 0.24 0.23 0.21 0.18 0.17 0.14
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.93 19.28 8.69 12.64 10.42 10.42 10.42 10.42 9.01 9.01 8.95 8.50
76.37 58.23 68.41 69.56 75.34 76.95 68.06 71.89 78.49 76.23 87.38 94.09
Total Assets 78.60 77.78 77.34 82.38 86.06 87.63 78.72 82.54 87.71 85.42 96.50 102.73

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-6.70 17.77 -3.11 -8.31 -1.98 0.02 0.10 0.05 0.81 0.71 -1.14 0.38
8.89 -16.22 13.40 -2.22 2.04 0.00 -0.01 -0.02 1.04 1.23 1.17 1.15
-2.37 -1.80 0.00 0.00 0.00 0.00 0.00 0.00 -1.89 -1.89 0.00 -1.57
Net Cash Flow -0.18 -0.25 10.29 -10.53 0.06 0.02 0.09 0.02 -0.05 0.05 0.03 -0.04

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 6.56 2.59 0.00 0.04 0.00 0.00 0.00 0.00 6.71 0.00 0.00 1.50
Inventory Days 111.96 66.07 96.62 114.59 207.92 123.45 301.26 404.85
Days Payable 0.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle 118.35 68.66 96.62 114.63 207.92 123.45 301.26 404.85 6.71 0.00 0.00 1.50
Working Capital Days 119.60 74.67 94.56 106.98 189.31 116.79 281.31 359.54 4,727.30 20,763.46 2,662.15 4,614.68
ROCE % 16.50% 2.04% -0.51% 7.95% 8.09% 4.83% 5.71% 6.29% 6.10% -0.50% 12.46% 8.22%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
67.57 67.57 67.57 67.57 67.57 67.57 68.04 68.05 68.05 68.05 68.05 68.05
3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72
28.71 28.71 28.71 28.71 28.71 28.71 28.24 28.23 28.23 28.23 28.23 28.23

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